The Annual Secretarial Compliance Report for the financial year ended March 31, 2025, duly issued by M/s Mayekar & Associates, Practicing Company Secretaries.
Awaiting price reaction for this filing.
Mahanagar Gas Limited (MGL) has submitted its Annual Secretarial Compliance Report for FY 2024-25, certified by M/s Mayekar & Associates, Practicing Company Secretaries. The report confirms that MGL is fully compliant with all applicable SEBI regulations, including the Listing Obligations and Disclosure Requirements (LODR) Regulations, Insider Trading rules, and Secretarial Standards. None of the company's directors are disqualified under Section 164 of the Companies Act, 2013, and no action has been taken by SEBI or the stock exchanges against the company during the year. The only item of note is a prior-year observation regarding a one-day delay in filing half-yearly related party disclosures for September 2023, for which a minor penalty of Rs. 5,000 each was levied by BSE and NSE — already addressed in the previous year.
This is a routine annual compliance filing with no new regulatory action, penalty, or governance issue. Shareholders can view this as a clean bill of compliance for the year, with no material impact expected on the stock price.